Investor Presentaiton
EXTERNAL POSITION
DESPITE WEAKENING EXTERNAL POSITION AS A RESULT OF COVID-19, ARMENIA IS MAINTAINING SIGNIFICANT RESERVE ADEQUACY
TREND IN CURRENT ACCOUNT
(% of GDP)
REMITTANCES
15%
10.7%
10.4%
10.1%
9.6%
9.2%
8.5%
8.1%
10%
5%
0%
(5%)
(1.0%)
(2.7%)
(1.5%)
(3.8%)
(2.2%)
1,102
1,010
1,164
1,151
1,160
1,028
580
(10%)
(7.0%)
(7.4%)
2015
2016
2017
2018
2019
2020
June 2021
(15%)
2015
2016
2017
2018
2019
2020
June 2021
Goods And Services
Primary Income
Secondary Income
Current Acount
Source: CBA
Net Inflow of Personal Remittances by Balance of Payments (US$ min)
Remittances (% of GDP)
Source: CBA
Net FDI*
184
334
267
253
2015
2016
2017
Source: CBA
* Net incurrence of liabilities
28
2018
■FDI Net Inflow (US$ mln)
INTERNATIONAL RESERVES
5.2
5.9
4.8
4.9
4.6
4.6
4.1
3,114
2,850
2,616
2,204
2,314
2,259
1,775
110
101
47
2019
2020
June 2021
2015
2016
2017
2018
2019
I Gross Official Reserves (US$ bln)
Source: CBA
2020
Import Cover (months)
June 2021View entire presentation